Regency Centers Corporation REG and EVgo Inc. EVGO are expanding their partnership to bring fast-charging infrastructure to shopping centers. The companies plan to add more than 400 EVgo charging stalls at Regency locations across the United States. Once completed, these new stalls are expected to expand Regency’s EV charging infrastructure footprint by more than 20%.
The relationship dates back to 2020, when EVgo installed its first charger at a Regency center. EVgo now operates more than 150 stalls across Regency locations. The partnership is well suited to Regency’s grocery-anchored centers in high-density markets, as supermarkets and shopping centers are preferred charging destinations. Roughly half of drivers who stop to charge also enter nearby retail or food space, supporting additional customer traffic.
The new charging stalls are expected to be located at metropolitan-area retail centers in Colorado, Florida, Illinois, New Jersey, New York, Pennsylvania, Texas, Virginia and other states. Each new EVgo site may feature up to 24 high-power EVgo chargers capable of delivering a full charge within 15 minutes, depending on the vehicle.
The charging format also fits the shopping patterns around grocery-anchored centers. The news release notes that the average American household visits grocery stores two to three times per week, with an average dwell time of 23 minutes. The overlap between charging time and shopping time could make Regency’s centers convenient locations for EV drivers while increasing the utility of its properties.
Conclusion
The expansion complements Regency’s broader environmental and operating strategy. Its 2025 corporate-responsibility highlights show EV charging stations already installed at 33% of properties. Meanwhile, second-quarter 2026 Same Property net operating income (NOI) rose 3.8%, leased occupancy reached 96.9% and Regency maintained about $1.5 billion of revolver capacity. Together, these strong property fundamentals and expanded EV infrastructure could reinforce the appeal of its grocery-anchored portfolio, deepen customer engagement and support long-term value creation.
Over the past six months, shares of this Zacks Rank #3 (Hold) company have declined 3.6% against the industry's growth of 1.3%.
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Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Curbline Properties Corp. CURB and Philips Edison & Company PECO, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for CURB’s 2026 FFO per share is pinned at $1.24. This indicates year-over-year growth of 16.98%.
The Zacks Consensus Estimate for PECO’s 2026 FFO per share is pegged at $2.77. This calls for a year-over-year increase of 6.5%.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of reits.
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This article originally published on Zacks Investment Research (zacks.com).